SCHEDULES
SCHEDULE 18Property arrangements schemes
Effect of property arrangements scheme
I18
A property arrangements scheme shall, by virtue of this paragraph, have effect according to its terms.
I29
1
A transaction of any description effected by or under a property arrangements scheme shall have effect subject to the provisions of any enactment which provides for transactions of that description to be registered in any statutory register.
2
Subject to sub-paragraph (1), a transaction of any description effected by or under a property arrangements scheme shall be binding on all persons, notwithstanding that it would, apart from this provision, have required the consent or concurrence of any person.